Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Rogerson House, Inc., HUD Project No. 023-43350, under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of Rogerson House, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Rogerson House, Inc. For the year ended December 31, 2024, no awards were passed through to subrecipients.
Rogerson House, Inc. has received a U.S. Department of Housing and Urban Development insured loan under Section 232 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Rogerson House, Inc.. The balance of the loan outstanding at December 31, 2024 consists of Federal Assistance Listing Number 14.129; Mortgage Insurance - Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities. Outstanding Balance at December 31, 2024 - $7,832,386.